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Ambev Cash Conversion Soars But Shares Stay Flat
Ambev's Q2 cash conversion jumped to 73.9% from 49.6%, but shares barely moved. Revenue growth was weak, raising concerns despite strong cash flow.
Exxon Shares Slide as Q2 Earnings Miss, Yet Cash Flow Spurs Debt Reduction
Exxon Mobil's Q2 earnings missed forecasts, but robust cash flow allowed significant debt reduction. Shares dipped 2% premarket.
Chevron's Refining Strength Drives Q2 Earnings Surprise
Chevron reported a 9% earnings beat, powered by its refining unit, as production rose 5.5% and free cash flow hit 4.7% of market value.
Roblox Stock Tumbles 21% as User Spending Slows
Roblox shares plunged 21% in premarket trading after the company reported a decline in spending per user and issued a weak Q3 bookings outlook.
UiPath Stock Surges 14% Despite Tepid ARR Growth Forecast
UiPath (NYSE:PATH) shares are up 14% despite Q2 guidance pointing to a 38% drop in net-new ARR. The company faces a challenging demand environment amid intense AI competition.
Brent's July Rally Widens WTI Spread to 60% on Hormuz Jitters
Brent crude rose over 20% in July, widening its premium over WTI to $5.87 as Hormuz shipping concerns persist. Tanker traffic through the strait remains at 30-35% of pre-conflict levels.
Cycurion Soars on $54.6M Contract, But Cash Flow Concerns Loom
Cycurion (CYCU) shares rally premarket after a $54.6 million contract, but cash flow and Nasdaq delisting concerns persist.
SoFi Stock Rebounds 8% as Tax Rate Hikes Offset Strong Q2 Beat
SoFi shares rebounded 8% on Thursday after a Q2 earnings beat, but increased tax guidance left full-year EPS unchanged at $0.60, offsetting the upside.
AXT Soars 27% on Record InP Sales and Margin Surge
AXT (NASDAQ:AXTI) shares surged 27% in premarket trading after the company reported record indium phosphide sales, driving gross margin to 44.9% and Q3 guidance well above consensus.